Elon Musk confirms desire to put the U.S. Treasury on a blockchain

Elon Musk is leading the so-called Doge department of government efficiency, proposed by Trump’s Commerce department nominee Howard Lutnick to “rip the waste out of our $6.5 trillion budget.”

Now, as fears emerge Trump’s administration is “dangerously” undermining the U.S. dollar, Musk has confirmed he wants to put the U.S. Treasury on a blockchain, the technology that underpins bitcoin and other cryptocurrencies—including Musk’s pet project dogecoin.